7/4/16 - Monday @Mentions
Happy Independence Day WSO!
Upcoming webinars:
-Webinar: Private Equity Case - Oilfield Services -- 5pm ET, 7/7/16
Upcoming webinar rewinds on the WSO Frontpage (replays of old webinars you may have missed, free for 24 hours):
Technical Analysis Case Study - Chubb Insurance Corp + Q&A – 8am ET, 7/8/2016
Discussion Topics of the Week:
Question for you fiscal conservatives by @financebro69". 42 comments.
Native American with Long Hair, Is It Okay? by @ChipAway". 33 comments.
NBA Free Agency 2016 by @Matrick". 32 comments.
USA Basketball 2016 Olympic Roster by @Matrick". 24 comments.
AMA and Success Story of the Week:
Preparing 300 hours for McKinsey and BCG offer by @SkyIsTheLimit".
Comment of the Week:
This comment: by @bule" in the post "Brexit Wins - What You Need To Know".
1) The EU was founded a long time ago as the ECSC. A single currency was introduced much later and countries didn't have to opt into it (UK and Sweden didn't) BUT it is a non-negotiable part of accession for all states joining later (ie. the NMS - new member states). For example in Croatia, you can use the Kuna or the Euro and eventually it will just be the Euro. The EU and monetary union are not synonymous.2) Yes, UK has our own Central Bank (ie. the Bank of England) and currency (GBP), but the ECB is influential. Even here, the FED is still the true power in the waters.
3) It's seriously terrible. We had a very good (and one-sided) deal in the EU. We had access to the single market though we were not a member of the currency; we were the only country with a rebate (negotiated by Thatcher), a lion's share of the CAP (after Thatcher); a good circle of negotiating allies AND not even a part of schengen.
89% of economists thought remain was better (FT) as did the CB AND all 3 major political parties. To be in the single market, you have to adopt the rules. Now we will have all the rules and no say in how they are made, besides getting a tariff. Additionally, we'll have to sit at the negotiating table as a lone island rather than a block, thereby reducing our leverage as a purchaser / consumer.
Most Active Monkeys in the past 30 days:
1. @CRE" 570, 2. @Matrick" 473, and 3. @DickFuld" with 447.
See where you rank here.
New WSO Certified Users:
I wanted to take the space here to thank and congratulate the new Certified Users from the past week. Welcome to the club. Some of these are new members, but all have confirmed that they work in the indicated industry at the level selected on their profile. All Certified Users have a yellow star next to their usernames when posting in the forums, so you all know which sources you can trust the most. As WSO Certified Users, they get 3 months free to the WSO Job Board ($45 Value). Without further ado:
Investment Banking
@silvermoon137” - Mergers and Acquisitions - 2nd Year Associate
@deas7” - Corporate Banking - 3rd+ Year Analyst
@AcquireThis” - Generalist - 2nd Year Analyst
Private Equity
@Beachbum89” - LBOs - 1st Year Associate
Hedge Fund
@Mr.Leverage” - Event Driven - 1st Year Analyst
Consulting
@Ske7ch” – Consultant
@Emous” – Other
Asset Management
@Kelvin Jiang” - Equities - Vice President
@Aerfally1” - Other - Investment Analyst
corporate finance
@sharky7” - 3rd+ Year Analyst
Corporate Development
@mmbergmm” - Investment Analyst
Corporate Strategy
@mattgunner25” - Operations Analyst
Real Estate
@Jim_Lahey” - Residential - Managing Director
Other
@Goldmansak” - 3rd+ Year Analyst
@Sopuli” - Business School
@jss42” - Legal – Other
Are you a working professional and you're interested in joining the WSO Certified User club? E-mail [email protected] and [email protected] your username and send a link to your LinkedIn profile.